TIME Strangle Strategy
TIME (Clockwise Capital Innovation ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
The Clockwise Core Equity & Innovation ETF offers an adaptive approach to innovation investing, capitalizing on AI and technology trends while balancing opportunities and volatility by staying attuned to economic cycles.
TIME (Clockwise Capital Innovation ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $20.4M, a beta of 1.30 versus the broader market, a 52-week range of 22.309-27.12, average daily share volume of 4K, a public-listing history dating back to 2022. These structural characteristics shape how TIME etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.30 places TIME roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. TIME pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a strangle on TIME?
A long strangle buys an OTM call and an OTM put at offset strikes, cheaper than a straddle but requiring a larger underlying move to profit since both wings start out-of-the-money.
Current TIME snapshot
As of May 15, 2026, spot at $26.80, ATM IV 36.50%, IV rank 7.13%, expected move 10.46%. The strangle on TIME below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 34-day expiry.
Why this strangle structure on TIME specifically: TIME IV at 36.50% is on the cheap side of its 1-year range, which favors premium-buying structures like a TIME strangle, with a market-implied 1-standard-deviation move of approximately 10.46% (roughly $2.80 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated TIME expiries trade a higher absolute premium for lower per-day decay. Position sizing on TIME should anchor to the underlying notional of $26.80 per share and to the trader's directional view on TIME etf.
TIME strangle setup
The TIME strangle below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With TIME near $26.80, the first option leg uses a $28.14 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed TIME chain at a 34-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 TIME shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $28.14 | N/A |
| Buy 1 | Put | $25.46 | N/A |
TIME strangle risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
Upside max profit is unbounded; downside max profit is bounded at the put strike minus the combined debit (reached at zero). Max loss equals the combined debit times 100 (reached anywhere between the two OTM strikes). Two breakevens at call-strike plus debit and put-strike minus debit.
TIME strangle payoff curve
Modeled P&L at expiration across a range of underlying prices for the strangle on TIME. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
When traders use strangle on TIME
Strangles on TIME are the cheaper cousin of the straddle - traders use them when they want a large directional move but are willing to give up the inner-strike sensitivity in exchange for a lower up-front debit on the TIME chain.
TIME thesis for this strangle
The market-implied 1-standard-deviation range for TIME extends from approximately $24.00 on the downside to $29.60 on the upside. A TIME long strangle is the OTM cousin of the straddle: lower up-front cost but the underlying has to travel further past either OTM strike before the position turns profitable at expiration. Current TIME IV rank near 7.13% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on TIME at 36.50%. As a Financial Services name, TIME options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to TIME-specific events.
TIME strangle positions are structurally neutral / high-volatility (long premium, OTM); the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. TIME positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move TIME alongside the broader basket even when TIME-specific fundamentals are unchanged. Always rebuild the position from current TIME chain quotes before placing a trade.
Frequently asked questions
- What is a strangle on TIME?
- A strangle on TIME is the strangle strategy applied to TIME (etf). The strategy is structurally neutral / high-volatility (long premium, OTM): A long strangle buys an OTM call and an OTM put at offset strikes, cheaper than a straddle but requiring a larger underlying move to profit since both wings start out-of-the-money. With TIME etf trading near $26.80, the strikes shown on this page are snapped to the nearest listed TIME chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are TIME strangle max profit and max loss calculated?
- Upside max profit is unbounded; downside max profit is bounded at the put strike minus the combined debit (reached at zero). Max loss equals the combined debit times 100 (reached anywhere between the two OTM strikes). Two breakevens at call-strike plus debit and put-strike minus debit. For the TIME strangle priced from the end-of-day chain at a 30-day expiry (ATM IV 36.50%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a TIME strangle?
- The breakeven for the TIME strangle priced on this page is no defined breakeven on the modeled curve at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current TIME market-implied 1-standard-deviation expected move is approximately 10.46%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a strangle on TIME?
- Strangles on TIME are the cheaper cousin of the straddle - traders use them when they want a large directional move but are willing to give up the inner-strike sensitivity in exchange for a lower up-front debit on the TIME chain.
- How does current TIME implied volatility affect this strangle?
- TIME ATM IV is at 36.50% with IV rank near 7.13%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.